CarGurus (CARG) Research & Development (2016 - 2026)
CarGurus (CARG) recorded Research & Development of $38.14 million in Q2 2026, up 13.1% from $33.73 million a year earlier and up 1.2% from the prior quarter.
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Analysis
CarGurus (CARG) Research & Development (2016 - 2026) Analysis & Trends
On a TTM basis, CarGurus' Research & Development came in at $143.47 million as of Jun 30, 2026, up 5.8% year-over-year; for FY2025, it came in at $138.28 million, down 0.5% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 10.0% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $139.01 million in FY2024 (+1.7%), $136.76 million in FY2023 (+10.5%), $123.77 million in FY2022 (+16.3%) and $106.42 million in FY2021 (+24.1%).
- The Q2 2026 figure is the highest quarterly Research & Development in data going back to Q3 2016.
- On a year-over-year basis, Research & Development has increased for three consecutive quarters, with growth averaging 3.5% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 35.5% in Q4 2021, against a decline of 13.4% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $37.67 million (Q1 2026), $31.35 million (Q4 2025) and $36.32 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 468.43 Mn |
| 10 | CarGurus | 2.79 Bn | 2.23 Bn | 231.10 Mn | 38.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.14 Mn |
| Mar 31, 2026 | 37.67 Mn |
| Dec 31, 2025 | 31.35 Mn |
| Sep 30, 2025 | 36.32 Mn |
| Jun 30, 2025 | 33.73 Mn |
| Mar 31, 2025 | 35.03 Mn |
| Dec 31, 2024 | 30.53 Mn |
| Sep 30, 2024 | 36.36 Mn |
| Jun 30, 2024 | 36.58 Mn |
| Mar 31, 2024 | 35.55 Mn |
| Dec 31, 2023 | 27.32 Mn |
| Sep 30, 2023 | 35.43 Mn |
| Jun 30, 2023 | 37.39 Mn |
| Mar 31, 2023 | 36.61 Mn |
| Dec 31, 2022 | 31.55 Mn |
| Sep 30, 2022 | 30.21 Mn |
| Jun 30, 2022 | 31.35 Mn |
| Mar 31, 2022 | 30.65 Mn |
| Dec 31, 2021 | 27.09 Mn |
| Sep 30, 2021 | 26.54 Mn |
API Access
CarGurus Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CARG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CARG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CARG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();